The 6 Ds of Business Ownership

An oft-cited theme amongst predatory property investors is the 3 Sacred Ds of Real Estate, which relates to three life events creating a “highly motivated vendor” scenario, being Death, Divorce and Debt.  Deceased Estates are prime targets of well-funded...

When “prepared enough” isn’t enough

Looking through a shirt shops’ clearance bin recently, it struck me that what I held in my hands was a well-crafted, beautifully-designed, stylish item made from the finest materials.  Yet its price had been slashed to almost one-third of its original RRP. This...

The Three ‘Fs’ of Acquisitions

Business acquisitions can be complex at the best of times, so it is always useful to be able to distil key principles into simple, memorable sound bites.  Whilst I can lay claim to some pearls of wisdom, most I pick up during my day-to-day interactions with M&A...

PPSA and M&A Transactions

Most owners of Australian businesses should be aware of the introduction of a significant piece of legislation earlier this year: the Personal Property Securities Act 2009 (Cth), now more commonly referred to as PPS.  For those not in the know, and even those that are...

Do you run a Business… or a Practice?

This may seem like an abstract question at first, however it is abundantly evident that the exit options available to a business differ significantly from those of a practice.  This is a particularly vital distinction in the business & professional services...